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Greek Government Has Identified Budget Cuts, Stournaras Says

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Aug. 28 (Bloomberg) -- The Greek government identified the measures to be included in 11.5 billion euros ($14.5 billion) of budget cuts in the next two years as demanded by its international creditors, Finance Minister Yannis Stournaras said.

“We have settled on the package,” Stournaras said after a meeting with Prime Minister Antonis Samaras today. “Tonight’s meeting had to do with coordinating timetables and actions,” he said, according to a transcript of his comments e-mailed from Samaras’s office.

Samaras will meet tomorrow with the leaders of the political parties supporting his coalition government, Evangelos Venizelos and Fotis Kouvelis, to discuss the package. Representatives of the so-called troika of the European Commission, International Monetary Fund and European Central Bank return to Athens next week to review the country’s progress in meeting the terms of its bailouts.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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